Banking stocks suffered sharp losses for the second consecutive day with the sectoral index Bank Nifty falling 0.93 per cent. Banking stocks suffered sharp losses for the second consecutive day with the sectoral index Bank Nifty falling 0.93 per cent.

Axis Bank, which slumped over 7 per cent in the previous session amid asset quality concerns, fell 2.8 per cent. Among other banking stocks, SBI fell 2.1 per cent while PNB declined over 1 per cent.Yes Bank however gained 2 per cent after the private sector lender’s Q2 earnings came in line with estimates.